They would have to use cash that would reduce assets under management which would reduce their fees. Highly unlikely. Somewhere between hell freezing over and the survival of a snowball in hell.
Your getting a discount to the offer price which may or may not be an actual discount to the real value of the shares.
Can't wait to see what it does on xdate. Seems to be dropping on any date lately. After every presentation, SEC filing, and management announcement or interview.
Call investor relations I'm sure they'll direct you to the proper person to process your request. Might be simpler to just write out a check to Barry personally and avoid the middlemen.
Investors hub indicated that PSEC filed a 40-ap with the SEC yesterday at approximately 6:00 AM. Wonder if that's why the downturn the last 2 days. Notice they didn't update their sec filings on their web site..
Main is an internally managed BDC whose management is paid on performance not assets managed. Probably don't want Prospects low yield stuff.
I'm not sure Gates belongs in a list of doing damage to thousands. The most one could attribute to him and MS is a restraint of trade. If anything, IBM was the devil in the industry at the time.
Real good management, had to correct the press release they issued because they indicated the wrong quarter in the first release. Not sure they will no where they are supposed to be for the cc.
Help gave the answer, they don't care. Probably just seed money in the long con.
Objectivity is exactly what I am promoting. Based on the facts, these boys are lousy managers and deal in deception and misinformation. These facts have been stated and shown using the 10Q's and misinformation disseminated by them in the conference
calls. I agree there are many on this board with an ADD problem and Cooper is a long detailed read, but Cooper puts forth his opinion and backs it up with Barry's own words and company documents, There are no facts that objectively put this management team in a positive light from a shareholder perspective. When once confronted by a shareholder on an issue, his response was basically to sell the shares because he didn't want to answer it. When an analyst states obvious facts based on their own 10q's, you don't tell him he's wrong when he's right. The "big lie" approach doesn't generally work when facts are sitting right in front of the person you are telling they are wrong.
For duration , as this is going to last awhile, not really. Enron didn't do to well, but that was a short stint between love and hate. Wall street as a whole, did a pretty good job of misleading the shareholders prior to melt down and got a good dose of unfavorability from shareholders as a result. Barry's crew do seem to be in a class all by themselves.as far as misleading and misdirecting shareholders while being inept at maintaining share price and dividend, which is presumably their job.
Did some level of self respect affect Bernie Madoff? These people have no moral compass and generally there are very few in business management who do care about their legacy, only about a home in the Hamptons. It was this greed that led to the great recession and the early 20th century depression. Maybe at the end they worry about legacy (Carnegie, Eastman, Rockafellor (sp)), but along the way it's dog eat dog and every move is in their own self interest. There aren't that many Gates and Buffets out there, mostly Koch's, Dimon and Barry's.
They continue because they are making oodles of money regardless of the share price performance. They just sell more shares below NAV or come up with rights offerings that coerce more investment by shareholders to increase asset base and increase their fees. Share price could be a penny a share and they don't care (regardless of whether they own shares or not) because they are making their money on the asset base.
This presumes someone would want to buy the shares and or the rights at the offering price which since the content of PYLD is currently unknown is undetermined.
Their new method is to coerce shareholders into investing more to increase assets under management while probably making a good amount of money on the process of processing the structure of the deal.
With any LP you look at the box 20-V line item on the K-1. If the sum of all lp's in the tax deferred account is greater than $1000 or going to have to file a 990-T and you owe the IRS money. The 20-v amount is called unrelated business taxable income (UBTI). The consequences of not filing and paying the tax is the loss of the IRA's taxable benefits. After the first $1000, the next 10k is taxed at 10% and then it jumps 20 25%.